Company Registration No. 02935157 (England and Wales)
PANTEX INTERNATIONAL LIMITED
Unaudited accounts
for the year ended 30 June 2023
PANTEX INTERNATIONAL LIMITED
Unaudited accounts
Contents
PANTEX INTERNATIONAL LIMITED
Company Information
for the year ended 30 June 2023
Director
Manzoor Hasnain Haider
Company Number
02935157 (England and Wales)
Registered Office
72 WIMBLEODN STADIUM BUSINESS CENTRE
ROSEMARY ROAD
LONDON
SW17 0BA
Accountants
Warrenwood Insystems Ltd
Suite 8, Claremont Business Centre
6 Claremont Road
Surbiton
Surrey
KT6 4RA
PANTEX INTERNATIONAL LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
127,517
76,082
Cash at bank and in hand
305,531
375,104
Creditors: amounts falling due within one year
(124,414)
(81,657)
Net current assets
290,500
370,582
Total assets less current liabilities
418,017
446,664
Creditors: amounts falling due after more than one year
(72,500)
(74,893)
Provisions for liabilities
Net assets
344,717
371,771
Called up share capital
100
100
Profit and loss account
344,617
371,671
Shareholders' funds
344,717
371,771
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 March 2024 and were signed on its behalf by
Manzoor Hasnain Haider
Director
Company Registration No. 02935157
PANTEX INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 June 2023
PANTEX INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02935157. The registered office is 72 WIMBLEODN STADIUM BUSINESS CENTRE, ROSEMARY ROAD, LONDON, SW17 0BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the period of lease
Plant & machinery
25% Reducing balance
Motor vehicles
15% Reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when paid.
PANTEX INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
60,428
64,624
173,929
298,981
Additions
-
13,870
56,797
70,667
At 30 June 2023
60,428
78,494
230,726
369,648
At 1 July 2022
30,813
61,874
130,212
222,899
Charge for the year
-
4,155
15,077
19,232
At 30 June 2023
30,813
66,029
145,289
242,131
At 30 June 2023
29,615
12,465
85,437
127,517
At 30 June 2022
29,615
2,750
43,717
76,082
Amounts falling due within one year
Trade debtors
64,928
27,991
Accrued income and prepayments
3,330
261
Other debtors
36,075
43,784
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,000
15,107
Trade creditors
28,377
38,524
Taxes and social security
1,995
14,544
Proposed dividends
50,000
-
Loans from directors
7,967
(7,671)
7
Creditors: amounts falling due after more than one year
2023
2022
PANTEX INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 June 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
800
-
Charged to the profit and loss account
800
-
Provision at end of year
800
-
The amount of £800 deferred tax provision computed at year end. Under FRS 10 the provision should be calculated at the rates ruling when the timing difference will reverse.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contributions pension scheme The assets of the scheme are held separately from those of the company in an independently administered fund. Th Penson cost charged represents contribution payable by the company to the fund and comprise amounting to £63,169 to the directors and £344 to the staff.
11
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,000
18,000
12
Transactions with related parties
The company was under the control of Mr Manzoor Hasnain Haider and Ruhi Hider own 50% each of the ordinary share capital. At the balance sheet date the company owed amounting to £7,967 to Mr Manzoor H Haider.
13
Average number of employees
During the year the average number of employees was 10 (2022: 10).